CEP/CFM/LSE Money-Macro Workshop Series 2016-2017 11 October 2016 Behavioral Macroeconomics via Sparse Dynamic Programming and A Behavioral New Keynesian Model Speaker: Xavier Gabaix (Harvard University)

25 October 2016 Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation Speaker: Anton Korinek (John Hopkins University)

01 November 2016 Unemployment Cycles (with Ilse Lindenlaub) Speaker: Jan Eeckhout (UCL)

08 November 2016 Unemployment Insurance in Macroeconomic Stabilization Speaker: Rohan Kekre (Chicago Booth)

15 November 2016 Inflation Targets and the zero lower bound in a behavioural macroeconomic model Speaker: Paul de Grauwe (LSE)

22 November 2016 Land Mines and Spatial Development (joint with Giorgio Chiovelli (LBS) and Stelios Michalopoulos (Brown University) - preliminary draft) Speaker: Elias Papaioannou (London Business School)

29 November 2016 Time-Consistent Institutional Design (with Charles Brendon) Speaker: Martin Ellison (Oxford University)

06 December 2016 Money and Credit: Theory and Applications Speaker: Randy Wright (University of Wisconsin)

14 February 2017 Term Premium, Credit Risk Premium, and Monetary Policy", joint work with Hiro Tanaka (FRB). Speaker: Andrea Ajello (Federal Reserve System)

21 February 2017 The Importance of Unemployment Insurance as an Automatic Stabilizer Speaker: Amir Kermani (Berkeley)

28 February 2017 How Tight are Malthusian Constraints? Speaker: Dietrich Vollrath (University of Houston)

07 March 2017 Complex Asset Markets (with Hanno Lustig and Lei Zhang) Speaker: Andrea Eisfeldt (UCLA Anderson)

14 March 2017 Bargaining over Babies: Theory, Evidence, and Policy Implications (with Fabian Kindermann) Speaker: Matthias Doepke (Northwestern University)

21 March 2017 Learning, Career Paths, and the Distribution of Wages Speaker: Esteban Rossi-Hansberg (Princeton University)

25 April 2017 Transmission of Monetary Policy to Consumption and Population Aging Speaker: Arlene Wong (Northwestern University)

02 May 2017 Taming the Basel leverage cycle Speaker: Doyne Farmer (Oxford Martin School/Santa Fe Institute)

09 May 2017 Horizontal and Vertical Polarization: Task-Specific Technological Change in a Multi-Sector Economy Speaker: Dr Tim Lee (Toulouse School of Economics)

16 May 2017 - (PLEASE NOTE THE CHANGE OF TIME: Starting at 11:15am) Mortgage Design in an Equilibrium Model of the Housing Market Speaker: Arvind Krishnamurthy (Stanford)

23 May 2017 Screening and Adverse Selection in Frictional Markets Speaker: Venky Venkateswaran (NYU Stern)

30 May 2017 The Limited Macroeconomic Effects of Unemployment Benefit Extensions Speaker: Loukas Karabarbounis (Chicago Booth)

06 June 2017 (PLEASE NOTE THE CHANGE OF TIME: Starting at 13:15pm) Missing Growth from Creative Destruction Speaker: Pete Klenow (Stanford)

2015-2016 13 October 2015 Fiscal Rules and Discretion in a World Economy Speaker: Pierre Yarred (Columbia University)

27 October 2015 Optimal Capital Reuqirements over the Business and Financial Cycles Speaker: Frederic Malherbe (London Business School)

03 November 2015 Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective Speaker: Timo Boppart (Stockholm University)

10 November 2015 - CANCELLED Stock Market Cycles and Supply Side Dynamics in Two Macroeconomic Models

Speaker: Paul de Grauwe (LSE)

17 November 2015 Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises Speaker: Nobu Kiyotaki (Princeton/LSE)

24 November 2015 Menu Costs, Aggregate Fluctuations, and Large Shocks Speaker: Peter Karadi (European Central Bank)

01 December 2015 House Prices, Local Demand, and Retail Prices Speaker: Joseph Vavra (Chicago Booth)

08 December 2015 Technological Change and the Evolution of Finance Speaker: Enrico Perotti (Amsterdam University)

23 February 2016 Monetary-fiscal Interactions with Endogenous Liquidity Frictions Speaker: Wei Cui (UCL)

01 March 2016 Global Imbalances and Currency Wars at the ZLB Speaker: Peirre-Olivier Gourinchas (Berkeley University)

08 March 2016 Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default Speaker: Enrique G. Mendoza (Penn University)

15 March 2016 Household Leverage and the Recession Speaker: Thomas Philippon (NYU)

22 March 2016 Age Earnings Profiles and TFP Differences: Financial Institutions in a Vintage Human Capital Model Speaker: Yong Kim (Yonsei University)

26 April 2016 Agency Business Cycles Speaker: Guido Menzio (University of Pennsylvania)

03 May 2016 Land Misallocation and Productivity Speaker: Diego Restuccia (University of Toronto)

17 May 2016 Monetary Policy at Work: Security and Credit Application Registers Evidence Speaker: Jose Peydro (Universitat Pompeu Fabra)

31 May 2016 (Please note updated time 12:30-14:00) Good Booms, Bad Booms Speaker: Guillermo Ordonez (UPENN)

07 June 2016 (Please note change of venue: 32L.2.04)

The Forward Guidance Puzzle Speaker: Marco Del Degro

2014-2015 30 June 2015 TBA Speaker: Javier Bianchi (Federal Reserve Bank of Minneapolis)

23 June 2015 A traffic jam theory of recessions Speaker: Jennifer La'O (Colombia)

Mon, 15 June 2015 Consumer Spending and Property Taxes: Evidence from the 2011 Italian "IMU" Speaker: Paolo Surico (LBS), joint with Riccardo Trezzi

09 June 2015 Monetary Exchange in Over-the-Counter Markets: A Theory of Speculative Bubbles, the Fed Model, and Self-fulfilling Liquidity Crises Speaker: Ricardo Lagos (NYU)

02 June 2015 The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries Speaker: Matt Notowidigdo (Northwestern)

26 May 2015 A Model of the Twin Ds: Optimal Default and Devaluation Speaker: Vivian Zhanwei Yue (Emory University & Atlanta Fed)

20 May 2015 Asset Markets with Heterogeneous Information Speaker: Pablo Kurlat (Stanford)

19 May 2015 Labor Reallocation and Business Cycles Speaker: Gabriel Chodorow-Reich (Harvard)

05 May 2015 Wealth Inequality, Family Background, and Estate Taxation Speaker: Mariacristina De Nardi

28 April 2015 Macroeconomic Effects of Bankruptcy and Foreclosure Policies Speaker: Kurt Mitman (IIES)

17 March 2015 Dynamics of Firms and Trade in General Equilibrium Speaker: Nobuhiro Kiyotaki (Princeton), joint with Robert Dekle (USC) and Hyeok Jeong (KDI School)

10 March 2015 A Model of Bank Capital in which Deposits Have Social Value

Speaker: Doug Gale (Imperial College London)

03 March 2015 Unified Growth Empirics Speaker: Uwe Sunde (University of Munich), joint with Matteo Cervellati and Fabrice Murtin

03 February 2015 TBC Speaker: Adrien Auclert (MIT)

19 January 2015 Job Market Seminar Title TBC Speaker: Benjamin Schoefer (Harvard)

09 December 2014 On the relationship between mobility, population growth, and capital spending in the United States Speaker: Marco Bassetto (UCL)

02 December 2014 Reconciling Hayek's and Keynes' views of recessions Speaker: Paul Beaudry (UBC)

25 November 2014 Tightening Financial Frictions on Households, Recessions, and Price Reallocations Speaker: Victor Rios-Rull (University of Pennsylvania)

18 November 2014 Banks, Liquidity Management and Monetary Policy Speaker: Saki Bigio (Columbia)

11 November 2014 On the Optimality of Financial Repression Speaker: Pat Kehoe (UCL)

04 November 2014 Collateral Constraints and Macroeconomic Asymmetries Speaker: Matteo Iacoviello (Federal Reserve Board)

27 October 2014 The Impact of Uncertainty Shocks on the Job-Finding Rate and Separations Rate Speaker: Markus Riegler (LSE)

21 October 2014 Is VAT a Very Alterable Tax in China? Speaker: Xiaoguang Chen (LSE)

14 October 2014 Government Spending Multipliers in Good Times and in Bad: Evidence from U.S. Historical Data Speaker: Valerie Ramey (University of California, San Diego)

07 October 2014 Fiscal Austerity and Reputation Speaker: Luca Metelli (LSE)

2013-2014 01 July 2014 Bobos in paradise: Urban politics and the new economy Gilles Saint-Paul (Paris School of Economics)

24 June 2014 A Model of Secular Stagnation Speaker: Gauti Eggertson (Brown)

17 June 2014 Job Polarization and Structural Change Zsofia Barany (Science Po), joint with Christian Siegel

10 June 2014 Credit supply and the housing boom Giorgio Primiceri (Northwestern)

03 June 2014 The Wealthy Hand-to-Mouth Gianluca Violante (NYU)

27 May 2014 A Global Economy-Climate Model with High Regional Resolution Per Krusell (Stockholm & LSE)

13 May 2014 Culture, Ethnicity and Conflict Romain Wacziarg (UCLA Anderson)

06 May 2014 Monetary Policy Surprises, Credit Costs and Economic Activity Mark Gertler (NYU)

29 April 2014 Information, Misallocation and Aggregate Productivity Hugo Hopenhayn (UCLA)

18 March 2014 Are Sticky Prices Costly? Evidence From The Stock Market Yuriy Gorodnichenko (UC Berkeley)

11 March 2014 The role of automatic stabilizers in the U.S. business cycle Ricardo Reis (Princeton University)

04 March 2014 The Political Economy of Sovereign Defaults Guido Sandleris (Universidad Torcuato Di Tella)

25 February 2014 The Cyclicality of the Opportunity Cost of Employment Gabriel Chodorow-Reich (Harvard)

18 February 2014 The Decline of the U.S. Rust Belt: A Macroeconomic Analysis David Lagakos (UC San Diego), joint with Lee Ohanian (UCLA) and Simeon Alder (Notre Dame)

11 February 2014 Taxation and Labor Supply of Married Women across Countries Nicola Schuendeln (University of Frankfurt)

21 January 2014 JM - The Economic Costs of Low Caloric Intake: Evidence from India Heather Schofield (MIT)

13 January 2014 Transparency and Communication within the FOMC: A computational linguistics approach Michael McMahon (LSE)

10 December 2013 Optimal Development Policies with Financial Frictions Ben Moll (Princeton)

Wed, 04 December 2013 Imported Inputs and Invoicing Currency Choice: Theory and Evidence from UK Transaction Data Wanyu Chung (Warwick)

03 December 2013 Financial Integration and Growth in a Risky World Helene Rey (London Business School)

26 November 2013 Uncertainty Traps Edouard Schaal (NYU)

20 November 2013 Are there FDI spillovers in the domestic supplier industry? The case of the entry of Audi in Hungary Marta Bisztray (Central European University & CEP)

19 November 2013 Did the Job Ladder Fail After the Great Recession? Fabien Postel-Vinay (Bristol & Paris Sciences Economiques)

12 November 2013 Markets with Multidimensional Private Information Robert Shimer (University of Chicago)

05 November 2013 Firm Dynamics and the Granular Hypothesis Vasco Carvalho (CREI)

29 October 2013 Domestic Market Incompleteness, Foreign Currency Debt and Optimal Monetary Policy Daniel Osorio (LSE - PhD)

22 October 2013 Quantifying Sentiments

George-Marios Angeletos (MIT)

15 October 2013 Monetary policy, leverage, and default Michele Piffer (LSE (PhD))

08 October 2013 Gender gaps and the rise of the service economy Rachel Ngai (LSE)

2012-2013 02 July 2013 Inequality, Leverage and Crises Romain Ranciere (IMF and Paris School of Economics)

25 June 2013 Programmatic Targeting Allan Drazen (Maryland)

18 June 2013 Measuring the Financial Soundness of US Firms 1926-2012 Andy Atkeson (UCLA)

11 June 2013 Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises Gita Gopinath (Harvard University)

04 June 2013 Measuring economic policy uncertainty Steven Davis (Chicago)

28 May 2013 The One-Child Policy and Household Savings Nicholas Coeurdacier (Sciences Po & CEPR), joint with Keyu Jin, LSE

14 May 2013 How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data Mary Amiti (Federal Reserve Bank of New York)

07 May 2013 Consumption dynamics during recessions David Berger (Northwestern)

30 April 2013 Downward Nominal Wage Rigidities Bend the Phillips Curve Bart Hobjin (FRBSF)

19 March 2013 Importers, Exporters, and Exchange Rate Disconnect Oleg Itskhoki (Princeton)

12 March 2013

SEMINAR CANCELLED Xavier Ragot (PSE)

05 March 2013 The Inefficient Markets Hypothesis: Why Financial Markets do not Work Well in the Real World Roger Farmer (UCLA)

26 February 2013 Job Uncertainty and Deep Recessions Vincent Sterk (UCL)

19 February 2013 Dispersed Inflation Expectations and the Zero Lower Bound Mirko Wiederholt (Goethe University Frankfurt)

12 February 2013 Wealth and Volatility Fabrizio Perri (Bocconi)

05 February 2013 JOB MARKET Are Negative Supply Shocks Expansionary at the Zero Lower Bound? Inflation Expectations and Financial Frictions in Sticky-Price Models Johannes Wieland (Berkeley)

29 January 2013 Cheap Credit, Collateral and the Boom-Bust Cycle Amir Kermani (MIT)

22 January 2013 JOB MARKET Wenya Cheng (LSE)

11 December 2012 Fiscal Unions Emanuel Farhi (Harvard University)

04 December 2012 A Biological Theory of Social Discounting Balazs Szentes (London School of Economics)

27 November 2012 Shopping Externalities and Self-fulfilling Unemployment Fluctuations Greg Kaplan (Princeton)

20 November 2012 Understanding Booms and Busts in Housing Markets, which is joint with Martin Eichenbaum and Sergio Rebelo Craig Burnside (Duke University)

13 November 2012 Business Cycles and Asset Prices: the Role of Volatility Shocks under Ambiguity Aversion Cosmin Ilut (Duke University), joint with Francesco Bianchi and Martin Schneider

06 November 2012 Monetary Policy, Hot Housing Markets and Leverage

Christoph Ungerer (LSE)

30 October 2012 Capital Flow Volatility and Maturity Mismatch in Emerging Markets Nathan Converse (LSE)

16 October 2012 Frictions and the Joint Behavior of Hiring and Investment Eran Yashiv (Tel-Aviv)

09 October 2012 International Debt Deleveraging Luca Fornaro (LSE)

CEP/LSE Money-Macro Workshop Series 2011-2012 26 June 2012 Costly Contracts and Consumer Credit Michelle Tertilt (Manheim)

19 June 2012 Costly Contracts and Consumer Credit Chang-tai Hsieh (Chicago GSB)

12 June 2012 Intergenerational Redistribution in the Great Recession Dirk Krueger (UPenn)

29 May 2012 Fiscal Volatility Shocks and Economic Activity Jesús Fernández-Villaverde (University of Pennsylvania)

16 May 2012 15:00 - 16:30 Innovation and Growth with Financial, and other, Frictions Randy Wright (Wisconsin)

15 May 2012 The Slow Growth of New Plants: Learning about Demand? John Haltiwanger (University of Maryland)

08 May 2012 Ambiguous Business Cycles Martin Schneider (Stanford)

01 May 2012 Fiscal Policy in Debt Constrained Economies Mark Aguiar (Princeton)

24 April 2012

Fiscal Policy in an Unemployment Crisis Pontus Rendahl (Cambridge)

13 March 2012 Man-Bites-Dog Business Cycles Kristoffer Nimark (CREI)

06 March 2012 Pegs and Pain Stephanie Schmitt Grohe (Columbia University)

28 February 2012 Is Labor Supply Important for Business Cycles? Per Krussell (Institute for Economic Studies, Stockholm), joint with Toshihiko Mukoyama, Richard Rogerson, and Aysegul Sahin

21 February 2012 External Adjustment and the Global Crisis Philip Lane (Trinity College Dublin)

14 February 2012 Reference Dependence and Labor Market Fluctuations Ran Spiegler (Tel Aviv University & UCL), joint with Kfir Eliaz (Brown University)

07 February 2012 *JM* Heterogeneity and Behavioral Responses to Unemployment Benefits over the Business Cycle Camille Landais (Stanford)

31 January 2012 *JM* The Gravity Equation in International Trade: An Explanation Thomas Chaney (Chicago)

24 January 2012 *JM* Heterogeneous Mark-Ups and Endogenous Misallocation Michael Peters (MIT)

06 December 2011 Inefficient Investment Waves Peter Kondor (Central European University)

29 November 2011 Optimal Reserve Accumulation in a Financially Constrained Economy Philippe Bacchetta

22 November 2011 Unconventional Fiscal Policy at the Zero Bound Pedro Teles (Bank of Portugal)

15 November 2011 The Economic Impact of Social Ties: Evidence from German Reunification Tarek Hassan (University of Chicago)

08 November 2011 Capital Controls and Currency Wars Anton Korinek (University of Maryland)

01 November 2011 Unemployment history and frictional wage dispersion Victor Ortego-Marti (LSE)

25 October 2011 Simulating Mortgage Default Thomas Schelkle (LSE)

18 October 2011 Demand driven business cycles Wouter Den Haan (LSE)

11 October 2011 Darwinian perspective on the exchange rate Shangjin Wei (Columbia Business School)

04 October 2011 Trade Adjustment and Productivity in Large Crises Brent Neiman (Chicago GSB)

2010-2011 28 June 2011 Structural Development Accounting Fabrizio Zilibotti (Zurich University)

21 June 2011 Credit Crises, Precautionary Savings and the Liquidity Trap Guido Lorenzoni (MIT), joint with Veronica Guerrieri (Chicago & NBER)

14 June 2011 Utility and Happiness Miles Kimball (Michigan)

07 June 2011 International Trade: Linking Micro and Macro Samuel Kortum (Chicago)

17 May 2011 The Theory of Money Markus Brunnermeier (Princeton)

10 May 2011 The Great Diversification and its Undoing Vasco Carvalho (CREI)

03 May 2011 Beyond GDP? Welfare across countries and time Peter Klenow (Stanford University)

22 March 2011 Trading and Liquidity with Limited Cognition

Pierre-Olivier Weill (UCLA)

15 March 2011 Natural-Resource Windfalls and Political Regimes Francesco Caselli (CEP & LSE)

08 March 2011 Technology Adoption and Labour Market Dynamics Nir Jaimovich (Duke), joint with Martin Gervais (Southampton & IFS), Nir Jaimovich (Duke & NBER), Henry Siu (UBC & NBER), Yaniv Yedid-Levi (UBC)

06 March 2011 TBC Stephanie Schmitt Grohe (Columbia University)

01 March 2011 Inter-generational Redistribution in the Great Recession Jonathan Heathcote (Federal Reserve Bank of Minneapolis)

28 February 2011 TBC Per Krusell (Princeton Univesity)

22 February 2011 Labor Supply Heterogeneity and Macroeconomic Comovement Bruce Preston (Columbia)

15 February 2011 16:45 - 18:15 Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self-Employed / Non Pecuniary Benefits of Small Business Ownership Erik Hurst (Chicago GSB)

08 February 2011 Zheng (Michael) Song (Chinese University of Hong Kong)

01 February 2011 *JM* An Engel curve for Variety Nicholas Li (Berkeley)

25 January 2011 *JM* I Walked the Line: Identification of Fiscal Multipliers in SVARs Dario Caldera (IIES, Sweden)

18 January 2011 *JM* Sovereign Default Risk and Uncertainty Premia Ignacio Presno (NYU)

11 January 2011 Syed M. Hashemi (Director, BRAC Development Institute)

07 December 2010 Unemployment Fluctuations and Stabilization Policies: A New Keynesian Perspective Jordi Gali (UPF & CREI)

30 November 2010

Sovereign Default, Domestic Banks and Financial Institutions Alberto Martin (CREI, Pompeau Fabra)

23 November 2010 Job Selection and Wages over the Business Cycle Marcus Hagedorn (University of Zurich)

16 November 2010 Financial Intermediation and Credit Policy in Business Cycle Analysis Nobuhiro Kiyotaki (Princeton)

09 November 2010 Imperfect Credibility and the Zero Lower Bound on the Nominal Interest Rate Martin Bodenstein (Federal Reserve Board)

02 November 2010 Switching Macroeconomic Regimes and the Nominal Term Structure Marcelo Ferman (LSE)

26 October 2010 Growth in the Shadow of Expropriation Manuel Amador (Stanford University & NBER)

19 October 2010 Household Search and the Aggregate Labor Market Rigas Oikonomou (LSE)

12 October 2010 The impact of the minimum wage on inequality Zsofia Barany (CEP & LSE)

05 October 2010 Explaining Sovereign Bond-CDS Arbitrage Violations During the Financial Crisis 2008-09 Nathan Foley-Fisher (LSE)

2009-2010 29 June 2010 How Does the U.S. Government Finance Fiscal Shocks? Sevin Yeltekin (Carnegie Mellon University)

22 June 2010 The Recursive Lagrangian Method: discrete time Christopher Sleet (Carnegie Mellon University)

15 June 2010 Productivity Growth and Capital Flows: The Dynamics of Reforms Francisco Buera (UCLA)

08 June 2010 Translating Priors and the Role of Initial Conditions for VAR Estimation Albert Marcet (LSE)

01 June 2010 A model of equilibrium institutions Kevin Sheedy (Cambridge University)

18 May 2010 Business Cycle Dynamics under Rational Inattention Bartosz Mackowiak (ECB)

04 May 2010 Fortune or Virtue: Time-variant volatilities versus parameter drifting in U.S. data Juan F. Rubio-Ramírez (Duke University, FRB Atlanta & FEDEA), joint with Pablo Guerrón-Quintana, Jesús Fernández-Villaverde

27 April 2010 The Central Bank balance sheet as an instrument of monetary policy Michael Woodford (Columbia University)

16 March 2010 How much is employment increased by cutting labour costs? Estimating the elasticity of job creation Paul Beaudry (UBC)

09 March 2010 Globalization, Technology and the Skill Premium Ariel Burstein (UCLA)

08 March 2010 Syed M. Hashemi (Director, BRAC Development Institute)

02 March 2010 Social Capital and Political Accountability Guido Tabellini (Bocconi)

23 February 2010 Demand Imbalances, Exchange Rate Misalignment and Monetary Policy Giancarlo Corsetti (European University Institute)

16 February 2010 Unemployment Fiscal Multipliers Tommaso Monacelli (Bocconi)

02 February 2010 Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation? (JMP) Ben Moll (Princeton)

01 February 2010 Stephen Haber (Stanford)

08 December 2009 Optimal retirement benefit guarantees Panageas Stavros (University of Chicago)

01 December 2009 Durable Consumption and Asset Management with Transactions and Information Costs Francesco Lippi (Ente Einaudi)

24 November 2009 Investment, Idiosyncratic Risk and Ownership Vasia Panousi (Federal Reserve Board)

17 November 2009 Sorting and decentralized price competition Philipp Kircher (London School of Economics)

10 November 2009 Title TBC Kalin Nikolov (LSE)

03 November 2009 Can Owning a Home Hedge the Risk of Moving? Todd Sinai (Wharton School)

27 October 2009 Knowledge flows through FDI: the case of privatisations in Central and Eastern Europe Christian Fons-Rosen (UPF Barcelona & CEP)

20 October 2009 Fiscal policy and the labour market: the effects of public sector employment and wages Pedro Gomes (PEP, STICERD)

13 October 2009 Optimal Social Security with Imperfect Tagging Jean-Baptiste Michau (CEP)

06 October 2009 Noisy Business Cycles George-Marios Angeletos (MIT)

2008-2009 23 June 2009 The International Propagation of News Shocks Franck Portier (University of Toulouse)

16 June 2009 Growing like China Kjetil Storesletten (University of Oslo)

09 June 2009 When is the government spending multiplier large? Martin Eichenbaum (Northwestern University)

02 June 2009 Crises and Recoveries in an Empirical Model of Consumption Disasters Jon Steinsson (Columbia University)

26 May 2009 The Carry Trade and the Real Exchange Rate: Nothing to Fear But FEER Itself

Alan Taylor (UC Davis), joint with Oscar Jorda

05 May 2009 The political economy of nonlinear capital taxation Ivan Werning (MIT)

28 April 2009 Catching Up and Falling Behind Nancy Stokey (University of Chicago)

17 March 2009 The Establishment-Level Behavior of Vacancies and Hiring Steve Davis (Chicago GSB)

10 March 2009 Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union Frank Smets (ECB)

03 March 2009 Liquidity, Business Cycles, and Monetary Policy Nobuhiro Kiyotaki (Princeton)

24 February 2009 Asset Trading and Valuation with Uncertain Exposure Per Krusell (Princeton Univesity)

03 February 2009 Explaining frictional wage dispersion Tamas Papp (Princeton University)

20 January 2009 Intangible Capital, Asset Prices, and Business Cycles Ryo Jinnai (Princeton University)

13 January 2009 Rent-Seeking Distortions and Fiscal Procyclicality Ethan Ilzetzki (LSE)

09 December 2008 The Baby Boom and World War II: a macroeconomic analysis Matthias Doepke (University of California, Los Angeles)

02 December 2008 Hot and cold seasons in the housing market Rachel Ngai (LSE)

25 November 2008 Firm Dynamics and Financial Development Cristina Arellano (Minnesota)

18 November 2008 Inventories in motion: a new approach to inventories over the business cycle Michael McMahon (LSE)

11 November 2008

Stock Market Volatility and Learning Albert Marcet (LSE)

04 November 2008 Why Has Home Ownership Fallen Among the Young? Martin Gervais (Southampton)

28 October 2008 Transition to FDI Openness Ellen McGrattan (FED Minneapolis)

21 October 2008 Resource Abundance, Development, and Living Standards: the Case of Brazil Francesco Caselli (CEP & LSE)

14 October 2008 Asset Pricing with Regime Shifts in Consumption and Dividend Growth Anisha Ghosh (LSE)

07 October 2008 Railroads and the Raj: The Economic Impact of Transportation Infrastructure Dave Donaldson (MIT)

2007-2008 24 June 2008 Self-Fulflling and Self-Enforcing Debt Crise Daniel Cohen (ENS CEPREMAP)

17 June 2008 An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining Mark Gertler (NYU)

10 June 2008 Financial innovation and the transactions demand for cash Fernando Alvarez (University of Chicago)

03 June 2008 Frictional wage dispersion in search models: A quantitative assessment Gianluca Violante (NYU)

27 May 2008 Fiscal Policy in an Incomplete Markets Economy Francisco Gomes (London Business School)

20 May 2008 Genes, Legitimacy and Hypergamy: Another look at the economics of marriage Gilles Saint-Paul (Toulouse University)

07 May 2008 12:30 - 14:00 Rethinking the Effects of Financial Liberalization Evi Pappa (Universitat Autonoma de Barcelona)

06 May 2008 The Dynamics of Firm-Level Adjustment to Trade Liberalization Marc Melitz (Harvard)

29 April 2008 Economic growth with bubbles Jaume Ventura (CREI & MIT)

11 March 2008 Optimal social security systems Narayana Kocherlakota (University of Minnesota)

04 March 2008 Sales and monetary policy Bernardo Guimaraes (LSE), joint with Kevin Sheedy

26 February 2008 Wage Rigidity Thijs Van Rens (UPF & CREI)

19 February 2008 In search of a theory of the debt management Andrew Scott (London Business School)

12 February 2008 Contract structure, risk sharing and investment choice (JMP) Greg Fischer (EOPP and LSE)

05 February 2008 Fragility of reputation and clustering in risk taking (JMP) Guillermo Ordonez (UCLA)

29 January 2008 Globalization, optimal auctions and exchange rate pass-through (JMP) Eyal Dvir (Harvard)

22 January 2008 Political disagreement, lack of commitment and the level of debt (JMP) David Debortoli (UPF, Barcelona)

11 December 2007 Minimally altruistic wages and unemployment in a matching model Julio Rotemberg (Harvard Business School)

04 December 2007 Climate Change and Economic Growth: Evidence from the Last Half Century Ben Jones (Kellogg School of Management, Northwestern)

27 November 2007 A theory of the long-run evolution of money John Moore (Economics, LSE)

20 November 2007 Personal Bankruptcy Law and Entrepreneurship: A Quantitative Assessment Giacomo Rodano (LSE)

13 November 2007 Markets versus governments: political economy of mechanisms Mike Golosov (Yale)

06 November 2007 'Firms' Self-Insurance and the Financial Accelerator Ander Perez (LSE)

30 October 2007 Varieties and the transfer problem: the extensive margin of current account adjustment Philippe Martin (Paris School of Economics)

23 October 2007 Information, heterogeneity and market incompleteness in the stochastic growth model Liam Graham (UCL)

16 October 2007 The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s? Jordi Gali (UPF & CREI)

09 October 2007 Can rare events explain the equity premium puzzle? Christian Julliard (LSE)

2006-2007 26 June 2007 Inflation and the price of real assets Monika Piazzesi (University of Chicago)

19 June 2007 Aggregate firm dynamics with customer markets Morten Ravn

12 June 2007 Capital flows and asset prices Gianluca Benigno (CEP and LSE)

05 June 2007 The international diversification puzzle is not as bad as you think Fabrizio Perri (Bocconi)

29 May 2007 NO SEMINAR - SARGENT-SIMS CONFERENCE Oliver Pardo-Reinoso (EOPP and LSE)

22 May 2007 Seigniorage Willem Buiter (EBRD)

15 May 2007 NO SEMINAR - ESSIM CONFERENCE

08 May 2007 NO SEMINAR - CEP ANNUAL CONFERENCE Oliver Pardo-Reinoso (EOPP and LSE)

01 May 2007 The unemployment volatility puzzle: is wage stickiness the answer? Chris Pissarides (CEP and LSE)

24 April 2007 Optimal severance pay in a matching model Giulio Fella (QMUL)

13 March 2007 Arbitrage free bond pricing with dynamic macroeconomic models Stanley Zin (Carnegie Mellon University)

06 March 2007 Economics and politics of alternative institutional reforms Francesco Caselli (CEP & LSE)

27 February 2007 Life in unequal growing economies Danny Quah (LSE)

20 February 2007 Asset pricing Harald Uhlig (Humboldt University, Berlin)

13 February 2007 Marketing Frictions and International Pricing Puzzles Lukasz Drozd (University of Minnesota)

06 February 2007 Redistributive shocks and productivity shocks Victor Rios-Rull (University of Pennsylvania)

23 January 2007 Taxation without Commitment Catarina Reis (MIT)

16 January 2007 Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies Burcu Eyigungor (UCLA)

28 November 2006 Search and matching frictions and optimal monetary policy Carlos Thomas (LSE)

21 November 2006 Work Consumption Preferences, Cyclical Driving Forces and Unemployment Volatility Robert Hall (Stanford University)

14 November 2006

Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the US, UK and Sweden Eric Swanson (World Bank), joint with Refet Gurkaynak & Andrew Levin

07 November 2006 Investment during the Korean Financial Crisis: The Role of Foreign Denominated Debt Simon Gilchrist (Boston University)

31 October 2006 TBA Eva Vourvachaki (CEP & LSE)

24 October 2006 TBA Alberto Alesina (Harvard University)

17 October 2006 Sticky Borders Roberto Rigobon (MIT), joint with Gita Gopinath (Harvard)

10 October 2006 Accommodating Emerging Giants John Coleman (Duke University)

03 October 2006 Job Creation and Job Destruction on the Presence of Informal Labour Markets Mariano Bosch (CEP & LSE)

2005-2006 02 June 2006 SPECIAL SEMINAR - A Century of Work and Leisure Valerie Ramey (University of California, San Diego)

30 May 2006 Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change Fatih Guvenen (University of Texas), joint with Burhan Kuruscu

23 May 2006 NO SEMINAR - CEP ANNUAL CONFERENCE

16 May 2006 World Interest Rates, Debt and Default Bernardo Guimaraes (LSE)

09 May 2006 An Equilibrium Model of "Global Imbalances" and Low Interest Rates Pierre-Olivier Gourinchas (University of California, Berkeley), joint with Ricardo Caballero and Emmanuel Farhi

25 April 2006 Establishment Size Dynamics in the Aggregate Economy Mark Wright (Stanford University), joint with Esteban Rossi-Hansberg

14 March 2006 TBA Dirk Krueger (UPenn)

07 March 2006 Modelling Time and Macroeconomic Dynamics Chryssi Giannitsaru (Cambridge University)

28 February 2006 Comparing Alternative Methodologies to Estimate the Effects of Fiscal Policy Roberto Perotti (Bocconi University)

21 February 2006 On the fit and forecasting performance of New Keynesian models Frank Schorfheide (University of Pennsylvania)

14 February 2006 Machines as engines of growth Joseph Zeira (Hebrew University)

07 February 2006 Time or state dependent price setting rules? Evidence from micro-data Joao Santos Silva (Universidade Tecnica de Lisboa)

31 January 2006 Structural Inflation Persistence Kevin Sheedy (Cambridge University)

17 January 2006 Stanley Zin (Carnegie Mellon University)

10 January 2006 Learning about belief about inflation target and stabilisation policy Kosuke Aoki (LSE)

06 December 2005 The Overhang Hangover Jean Imbs (Universite de Lausanne), joint with Romain Ranciere

29 November 2005 Bilateral Investment with Hold-up and Renegotiation Andrei Sarychev (LSE)

22 November 2005 DSGE Models in a Data-Rich Environment Mark Giannoni (Columbia University), joint with Jean Boivin

15 November 2005 Trends in Labour Supply and Economic Growth Rachel Ngai (LSE)

08 November 2005 Firm Dynamics, Bankruptcy Laws and Total Factor Productivity Hajime Tomura (LSE)

01 November 2005 Trade Liberalization and Industrial Restructuring through Mergers and Acquisitions Holger Breinlich (Essex & CEP)

25 October 2005 Democratic Capital: The Nexus of Political and Economic Change Torsten Persson (IIES), joint with Guido Tabellini

18 October 2005 General Equilibrium with Nonconvexities, Sunspots, and Money: Or, There is a Long-Run Exploitable Trade-off Between Inflation and Unemployment After All Randall Wright (University of Wisconsin - Madison)

11 October 2005 Temporary Shocks and the Unavoidable Road to High Taxes and High Unemployment Wouter Den Haan (LSE)

04 October 2005 On the Cyclicality of Research and Development Gadi Barlevy (Federal Reserve Bank of Chicago)

2004-2005 07 June 2005 TBA Timothy Lane (IMF & Oxford University)

31 May 2005 Heterogeneity within Communities: A Stochastic Model with Tenure Choice Francois Ortalo-Magne (Wisconsin University)

17 May 2005 Imperfect Information, Consumers' expectations and the Business Cycle Guido Lorenzoni (MIT)

10 May 2005 The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street Hanno Lustig (UCLA)

03 May 2005 Deducing Price Markups from Stockout Behaviour Mark Bils (University of Rochester)

26 April 2005 Commitment vs. Flexibility Manuel Amador (Stanford University & NBER)

15 March 2005 Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion Jonathan Heathcote (Federal Reserve Bank of Minneapolis)

08 March 2005

Competition, Innovation & Growth with Limited Commitment Ramon Marimon (UPF)

01 March 2005 The Great Inflation and Limited Asset Market Participation: Fed policy was better than we think Florin Bilbie (Oxford University)

22 February 2005 Globalisation, Divergence and Stagnation Gino Gancia (UPF)

08 February 2005 Job Market Seminar Stanley Zin (Carnegie Mellon University)

01 February 2005 Job Market Seminar Stanley Zin (Carnegie Mellon University)

25 January 2005 TBA Jon Temple (University of Bristol)

18 January 2005 TBA Ricardo Reis (Princeton University)

11 January 2005 Tax Riots Marco Bassetto (UCL), joint with Christopher Phelan

07 December 2004 TBA Silvana Tenreyro (LSE)

30 November 2004 TBA Ricardo Lagos (NYU)

23 November 2004 Evaluating the Performance of the Search and Matching Model Eran Yashiv (Tel-Aviv)

16 November 2004 Near-Rational Exuberance Seppo Honkapohja (Cambridge University), joint with James Bullard & George Evans

09 November 2004 TBA Paul Bergin (UC Davis & European Institute)

02 November 2004 13:00 - 14:30 TBA Lucrezia Reichlin (ECARES, Brussels & CEPR)

26 October 2004 International Financial Adjustment Helene Rey (Princeton University), joint with P.O. Gourinchas

19 October 2004 Optimal Fiscal and Monetary Policy: Equivalence Results Pedro Teles (Bank of Portugal)

12 October 2004 TBA Thomas Laubach (Federal Reserve Board)

05 October 2004 TBA Alex Michaelides (LSE and CEPR)

2003-2004 22 June 2004 SEMINAR CANCELLED Daron Acemoglu (MIT)

15 June 2004 Understanding Preferences for Income Redistribution Louise Keely (Madison)

08 June 2004 Taxes, regulations and the value of the US and UK corporations Edward Prescott (Arizona State University and Minneapolis Fed), joint with FMG

01 June 2004 Government Deficits and Interest Rates: a No-Arbitrage Structural VAR Approach Thomas Philippon (NYU Stern)

19 May 2004 10:30 - 12:00 Medium Term Business Cycles Mark Gertler (NYU)

11 May 2004 Balanced Growth with Structural Change Rachel Ngai (LSE), joint with Christopher Pissarides (CEP & LSE)

04 May 2004 Asset pricing implications of pareto optimality with private information Narayana Kocherlakota (University of Minnesota)

27 April 2004 How do house prices affect consumption? Evidence from micro data Joao Cocco (LBS)

16 March 2004 Sustaining Social Security Dirk Niepelt (IIES), joint with Martin Gonzalez-Eiras (San Andres University)

09 March 2004 Optimal Unemployment Insurance in an Estimated Job Search Model with Savings Rasmus Lentz (Boston University)

02 March 2004 International Trade and Macroeconomic Dynamics with Heterogeneous Firms Fabio Ghironi (Boston College), joint with Marc Melitz (Harvard University)

24 February 2004 16:30 - 17:45 No Seminar

17 February 2004 Population Ageing and International Capital Flows David Domeij (Stockholm School of Economics)

10 February 2004 Job Market Seminar Stanley Zin (Carnegie Mellon University)

03 February 2004 Information and the Limits to Autocracy Christian Edmond (UCLA)

27 January 2004 Job Market Seminar Stanley Zin (Carnegie Mellon University)

20 January 2004 Capital Reallocation and Liquidity Adriano Rampini (Northwestern), joint with Andrea Eisfeldt

13 January 2004 Helicopter Money; Irredeemable fiat money and the liquidity trap Willem Buiter (EBRD)

09 December 2003 The Learning Cost of Interest Rate Reversals Martin Ellison (University of Warwick)

02 December 2003 The Dynamics of Car Sales: A Discrete Choice Approach Jerome Adda (UCL)

25 November 2003 Lars Svensson (Princeton University)

18 November 2003 Macroeconomic implications of the rising wage inequality in the US Kjetil Storesletten (University of Oslo)

11 November 2003 Exchange Rate Exposure Kathryn Dominguez (University of Michigan & LSE)

04 November 2003 Technical Shocks and Job Flows Claudio Michelacci (CEMFI), joint with David Lopez-Salido (Bank of Spain)

28 October 2003 Asset Ownership and Asset Value over Project Lifecycles Yong Kim (USC)

21 October 2003 Has Monetary Policy Become More Effective? Jean Boivin (Columbia Business School), joint with Marc Giannoni

14 October 2003 Active Decisions: A Natural Experiment in Savings David Laibson (Harvard University)

07 October 2003 Spatial Cluster Empirics Danny Quah (LSE), joint with Helen Simpson (IFS)

2002-2003 17 June 2003 Reconciling Bagehot with the Fed's response to September 11 Antoine Martin (Federal Reserve Bank Kansas)

10 June 2003 Bank Supervision and Corporate Finance Ross Levine (Carlson School of Management, University of Minnesota)

03 June 2003 Borrowing Constraints, College Aid and Intergenerational Mobility Charles Leung (Chinese University of Hong Kong), joint with Eric Hanushek (Hoover Inst. Stanford) and Kuzey Yilmaz (Koc University)

27 May 2003 Q Theory with Adjustment Costs and Cash Flow Effects without Financing Constraints Andrew Abel (Wharton), joint with Financial Markets Group (FMG)

20 May 2003 Productivity Growth and Employment: Theory and Panel Estimates Chris Pissarides (CEP and LSE), joint with Giovanna Vallanti (CEP)

13 May 2003 CANCELLED - STOKE ROCHFORD Fernando Alvarez (University of Chicago)

06 May 2003 The zero interest-rate bound and optimal monetary policy Michael Woodford (Columbia University), joint with Gauti Eggertsson (International Monetary Fund)

29 April 2003 The Baby Boom and Baby Bust: Some Macroeconomics for Populations

Jeremy Greenwood (University of Rochester)

28 April 2003 Effective Property Rights, Conflict and Growth Francisco Gonzalez (University of British Columbia), joint with Growth-Development Workshop

18 March 2003 Bargaining, the value of unemployment, and the behaviour of aggregate wages Eran Yashiv (Tel-Aviv)

11 March 2003 Unilingual vs. Bilingual Education Systems: a Political Economy Analysis Javier Ortega (Toulouse & LSE), joint with Thomas Tangeraas (IUI)

04 March 2003 Speculative Growth Mohamad Hammour (DELTA), joint with Ricardo Caballero, MIT

25 February 2003 Marrying your Mom: Preference Transmission & Women's Labour and Education Choices Raquel Fernandez (NYU), joint with Alessandra Fogli (NYU) and Claudia Olivetti (Boston)

18 February 2003 Law Enforcement under Incomplete Law: Theory and Evidence from Financial Market Regulation Chenggang Xu (University of Hong Kong)

11 February 2003 Monetary rules for small, open, emerging economies Paolo Pesenti (Federal Reserve Bank of New York)

04 February 2003 The Case for Restricting Fiscal Policy Discretion Ilian Mihov (INSEAD)

28 January 2003 The Dynamics of Government Fabrizio Zilibotti (Zurich University), joint with John Hassler (IIES & CEPR), Per Krusell (Rochester & IIES), and Kjetil Storesletten (IIES & CEPR)

21 January 2003 Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security Rajnish Mehra (UC Santa Barbara and University of Chicago), joint with G. Constantinides (University of Chicago and NBER) and J. Donaldson (Columbia University)

14 January 2003 Panic, Boom and Bust: Excess Demand and Consumption Smoothing During a Speculative Attack Ivan Pastine (Bilkent University and CEPR)

10 December 2002 Exchange rates and fundamentals Ken West (University of Wisconsin)

03 December 2002 Search, Money and Capital: A Neoclassical Dichotomy

Randall Wright (University of Wisconsin - Madison), joint with S. Boragan Aruoba (University of Pennsylvania)

26 November 2002 Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium John Geanakoplos (Yale)

19 November 2002 Expected returns and expected dividend growth Martin Lettau (Stern, NYU)

12 November 2002 The Economic Effects of Constitutions Torsten Persson (IIES)

05 November 2002 CANCELLED David Laibson (Harvard University), joint with Christopher Harris (Cambridge University)

29 October 2002 Government Guarantees on Assets and Volatility Lars Ljungqvist (Stockholm School of Economics)

22 October 2002 A model of job and worker flows Nobuhiro Kiyotaki (Princeton), joint with Ricardo Lagos (NYU)

15 October 2002 Empirical implications of limited commitment: Evidence from Mexican villages Orazio Attanasio (UCL), joint with Pedro Albarran (CEMFI)

08 October 2002 Almost efficient innovation by pricing ideas Danny Quah (LSE)

2001-2002 19 March 2002 A Unified Framework for Monetary Theory and Policy Analysis Ricardo Lagos (NYU), joint with Randall Wright (University of Pennsylvania)

12 March 2002 Trade Integration and Risk Sharing Jaume Ventura (CREI & MIT), joint with Aart Kraay (World Bank)

05 March 2002 On the Rise and Fall of Class Societies Kiminori Matsuyama (Northwestern University)

26 February 2002 Evaluating two DSGE monetary models through VARs Fabio Canova (Universitat Pompeu Fabra)

19 February 2002

Recruitment Seminar, "The Returns to Entrepreneurial Investment: a Private Equity Premium Puzzle?" Annette Vissing (University of Chicago)

12 February 2002 Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data. Nicholas Souleles (The Wharton School, University of Pennsylvania)

05 February 2002 Monetary Policy, Expectations and the Timeless Perspectives George Evans (University of Oregon), joint with Seppo Honkapohja

29 January 2002 Consumption and Savings with Unemployment Risk: Implications for Optimal Employment Contracts Chris Pissarides (CEP and LSE)

22 January 2002 A Monetary Model of Factor Utilization Evi Pappa (Universitat Autonoma de Barcelona), joint with Katharine Neiss

15 January 2002 A Theory of Money with Market Places Takashi Shimizu (University of Tokyo)

11 December 2001 Liquidity and Asset Prices Nobuhiro Kiyotaki (Princeton), joint with John Moore

04 December 2001 Prediction Ability Katsuya Takii (University of Essex)

27 November 2001 Shocks and Institutions in a Job-Matching Model Wouter den Haan (UCLA, San Diego and CEPR)

20 November 2001 Optimal commitment policy under noisy information Kosuke Aoki (LSE)

13 November 2001 Markups, gaps and the costs of economic fluctuations Mark Gertler (NYU), joint with Jordi Gali and David Lopez-Salido

06 November 2001 Contract enforcement and growth out of steady state Andrei Sarychev (LSE), joint with Yulia Kossykh

23 October 2001 Causal effects of political institutions on economic policy? Quasi-experimental evidence Torsten Persson (IIES)

16 October 2001 Buffer Stock Saving and Habit Formation Alex Michaelides (LSE and CEPR)

09 October 2001 Some simple arithmetic on how income inequality and economic growth matter Danny Quah (LSE)